Wheat sowing begins in Brazil’s Paraná state, but business is slow
RIO DE JANEIRO, BRAZIL – The negotiations involving wheat are slow in Brazil, limited by high prices.
According to researchers at Cepea, while producers are capitalized, mills indicate to be well-supplied.
The lower demand for derivatives is also a factor that reinforces the low liquidity. In the field, the sowing of the new wheat crop has started in a few areas of Paraná.
In general, activities are still slow due to low rainfall. For this week, agents consulted by Cepea believe that sowing will gain some pace, based on occasional rains last weekend.
It is noteworthy that part of the farmers in Paraná opted for the cultivation of second-crop corn instead of wheat, attracted by the record price of grain on the Brazilian market.
On the other hand, in Rio Grande do Sul, wheat sowing should only start in the second half of May. For now, producers in the state have carried out the planning and purchasing inputs for the harvest.
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